20th Jan 2005 16:36
Conygar Investment Company PLC(The)20 January 2005 20 January 2005 THE CONYGAR INVESTMENT COMPANY PLC GRANT OF OPTIONS Further to the announcement of 16 December 2004, regarding the resignation ofGavin Davidson as a director of The Conygar Investment Company PLC ("Conygar" orthe "Company"), the Remuneration Committee of Conygar has reallocated 312,500options previously held by Mr Davidson over ordinary shares in the capital ofthe Company as follows: 1. Options over 62,500 ordinary shares have been granted to Peter Batchelor, Finance Director, at a price of 69p per ordinary share. The options are exerciseable from 17 December 2006 and will lapse on 17 December 2014. Mr. Batchelor now holds a total of 375,000 shares under option. 2. Options over 250,000 ordinary shares have been granted to Stephen Vaughan, Executive Director, at a price of 69p per ordinary share. The options are exerciseable from 17 December 2006 and will lapse on 17 December 2014. Mr. Vaughan now holds a total of 380,000 shares under option. The options have been granted pursuant to the rules of The Conygar InvestmentCompany Share Option Plan and will subject to performance criteria which willrequire the Company's share price to increase by at least 20 per cent. compoundper annum in comparison to the exercise price. Following, the grant of options to Peter Batchelor and Steven Vaughan, the totalnumber of ordinary shares under option remains unchanged from the position at 30September 2004. For further information please contact: The Conygar Investment Company PLC Robert Ware - 020 7629 6900Peter Batchelor The directors of Conygar accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the directors ofConygar (who have taken all reasonable care to ensure that such is the case) theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Conygar Inv